Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 6.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 41,322 shares of the company’s stock after selling 2,982 shares during the quarter. Public Employees Retirement System of Ohio owned 0.07% of Molina Healthcare worth $7,354,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of MOH. Wellington Management Group LLP boosted its position in shares of Molina Healthcare by 26.5% in the first quarter. Wellington Management Group LLP now owns 3,423,053 shares of the company’s stock worth $478,234,000 after buying an additional 718,000 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Molina Healthcare by 47.0% during the first quarter. Victory Capital Management Inc. now owns 1,202,267 shares of the company’s stock worth $167,969,000 after acquiring an additional 384,127 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Molina Healthcare during the second quarter worth $41,764,000. GW&K Investment Management LLC purchased a new stake in shares of Molina Healthcare during the first quarter worth $29,113,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Molina Healthcare by 2,473.4% during the first quarter. BNP Paribas Arbitrage SA now owns 211,634 shares of the company’s stock worth $29,567,000 after acquiring an additional 203,410 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

In related news, Director Dale B. Wolf sold 4,000 shares of Molina Healthcare stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $194.32, for a total transaction of $777,280.00. Following the sale, the director now directly owns 5,592 shares of the company’s stock, valued at $1,086,637.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ronna Romney sold 700 shares of Molina Healthcare stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $193.75, for a total value of $135,625.00. The disclosure for this sale can be found here. Insiders own 1.07% of the company’s stock.

MOH has been the subject of several recent research reports. Zacks Investment Research lowered Molina Healthcare from a “buy” rating to a “hold” rating and set a $193.00 price objective for the company. in a report on Tuesday, August 4th. SunTrust Banks increased their price objective on Molina Healthcare from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, June 1st. SVB Leerink increased their price objective on Molina Healthcare from $226.00 to $228.00 and gave the stock an “outperform” rating in a report on Tuesday, September 1st. Deutsche Bank increased their price objective on Molina Healthcare from $188.00 to $194.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Stephens increased their price objective on Molina Healthcare from $202.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $191.57.

Molina Healthcare stock opened at $182.43 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.88 and a current ratio of 1.88. The business’s 50-day simple moving average is $185.50 and its 200-day simple moving average is $168.45. The firm has a market capitalization of $10.78 billion, a PE ratio of 13.99, a PEG ratio of 1.43 and a beta of 0.67. Molina Healthcare, Inc. has a 52 week low of $102.85 and a 52 week high of $198.38.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Thursday, July 30th. The company reported $4.79 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.09. The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.70 billion. Molina Healthcare had a return on equity of 44.07% and a net margin of 4.51%. Research analysts forecast that Molina Healthcare, Inc. will post 11.84 earnings per share for the current year.

Molina Healthcare Company Profile

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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